September 16, 2022
KAHOOT! ASA – Disclosure of large shareholding
General Atlantic FT BV has on 16 September 2022 entered into an agreement with SB Northstar LP, a fund managed by a 100% directly owned subsidiary of SoftBank Group Corp. (“SoftBank”), to purchase all of SoftBank’s shares in Kahoot! ASA (the “Company”), constituting 73,500,000 shares and representing 15.02% of the issued share capital and votes of the Company (the “Transaction”). The Transaction will be completed in two tranches, whereby the purchase of 44,029,228 shares, representing 9.00% of the Company’s share capital, is expected to be completed on or about 26 September 2022 and the purchase of 29,470,772 shares, representing 6.02% of the Company’s share capital, is expected to be completed in Q4 2022, once applicable regulatory approval has been obtained.